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Costco says it struck a deal for Citi to be the exclusive issuer of its co-branded credit cards, with Visa replacing American Express as the card network. The deal is subject to Citi buying the company's co-branded credit card portfolio, Costco said. Costco and American Express ended their partnership after failing to reach an agreement on renewal terms. American Express said earlier this month that the relationship, which goes back 16 years, is set to expire March 31, 2016. Costco says the deal with Visa and Citigroup Inc. would take effect the next day. The deal means that Visa will be the only credit cards accepted at Costco stores. Currently Costco accepts only American Express...

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Costco says it struck a deal for Citi to be the exclusive issuer of its co-branded credit cards, with Visa replacing American Express as the card network. The deal is subject to Citi buying the company's co-branded credit card portfolio, Costco said....

Costco shoppers who have been limited for years to American Express credit cards may be able to pluck a new option from their wallets or purses next year after an exclusivity deal between the companies expires.
American Express said Thursday that it...